Due Diligence on Third Party Broker Dealers

Due Diligence on Third Party Broker Dealers (TPMs)

Regulators continue to raise the bar for institutions to demonstrate that they are adequately vetting critical third party vendors such as your broker dealer (aka TPM). Many firms do not have the time or resources to devote to documenting ongoing due diligence of their TPM. Recognizing this challenge, Kehrer Bielan has created a due diligence report on each of the major third party broker dealers. Each report provides details on:

  • The TPM’s business, compared to its peers
  • Background on the company, including key personnel, FINRA BrokerCheck review, and review of Form ADV
  • Corporate governance, including the organizational chart and company polices
  • Risk management and financial controls, including the  SOC Report
  • Overview of compliance organization and practices
  • Technology, and pricing per advisor
  • Finances of the firm, its affiliates, and parent
  • Product menu, product selection and due diligence process
  • Marketing support

along with dozens of exhibits documenting the commentary.

You can purchase a standalone Kehrer Bielan Due Diligence report on your broker dealer for $1,000.

 

How can we do all this for that price? Because we can spread the cost of this research over several institutions that use any one TPM.

 

For more information, contact Jon Gabriel (jon.gabriel@kehrerbielan.com)

Incorporating Our Due Diligence into Your Review of TPM Alternatives

Institutions also use our due diligence reports as part of their process of choosing a TPM.  We support that review by offering discounts on multiple due diligence reports.  If you’ve purchase a report on your TPM for $1,000, you can acquire reports on additional TPMs for $500 each. 

If you are looking at different TPMs, you should have a copy of our Annual TPM Report.  We’ve tracked the businesses of the major third party BDs since 2006.

Available TPM Due Diligence Reports

Due Diligence Report: Infinex Financial Group

$1,000.00

Due diligence report on Infinex Financial Group prepared for institutional clients of Kehrer Bielan Research & Consulting LC based upon publicly available information, information provided by third parties, and information provided by Infinex Financial Group.

Due Diligence Report: Raymond James

$1,000.00

Due diligence report on Raymond James Financial, Inc. prepared for institutional clients of Kehrer Bielan Research & Consulting LC based upon publicly available information, information provided by third parties, and information provided by Raymond James.